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Non-Controlling Interest in Subsidiary | 12 Months Ended
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Jun. 30, 2016
Noncontrolling Interest [Abstract] |
Non-Controlling Interest in Subsidiary | NOTE 18 – NON-CONTROLLING INTEREST IN SUBSIDIARY The Company had non-controlling interests in several of its subsidiaries. The balance of non-controlling interest as of June 30, 2016 and 2015 was as follows:
SUBSIDIARY |  | Non Controlling Interest % |  |  | Non-Controlling Interest at June 30, 2016 |
NetSol PK |  |  | 33.40 | % |  | $ | 10,292,495 |
NetSol-Innovation |  |  | 49.90 | % |  |  | 2,735,998 |
VLS, VLSH & VLSIL Combined |  |  | 49.00 | % |  |  | 309,213 |
NetSol Thai |  |  | 0.006 | % |  |  | (4 | )
Total |  |  |  |  |  | $ | 13,337,702 |
SUBSIDIARY |  | Non Controlling Interest % |  |  | Non-Controlling Interest at June 30, 2015 |
NetSol PK |  |  | 34.90 | % |  | $ | 11,411,954 |
NetSol-Innovation |  |  | 49.90 | % |  |  | 2,035,548 |
VLS, VLHS & VLSIL Combined |  |  | 49.00 | % |  |  | 393,139 |
Total |  |  |  |  |  | $ | 13,840,641 |
NetSol PK During the year ended June 30, 2016, employees of NetSol PK exercised 108,000 of options of common stock pursuant to employees exercising stock options and NetSol PK received cash of $16,744. The Company purchased 1,374,000 shares of common stock of NetSol PK from the open market for $767,397, resulting in an overall decrease in non-controlling interest from 34.90% to 33.40%. NetSol-Innovation During the year ended June 30, 2016 and 2015, NetSol-Innovation paid a cash dividend of $2,028,805 and $1,500,000, respectively. NetSol Thai During the year ended June 30, 2016, NetSol Thai issued 3 qualification shares to each of its directors.

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64809438&loc=SL4573702-111684 + Details
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- References No definition available. + Details
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